03:48 PM EST, 11/20/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.8%.

In corporate news, Netflix ( NFLX ) plans to honor Warner Bros. Discovery's ( WBD ) contractual agreements to release movies in theaters if it is successful in its bid to buy the media and entertainment conglomerate, Bloomberg reported. Netflix ( NFLX ) shares were down 3.2%, and Warner Bros. was adding 0.3%.

Walmart ( WMT ) raised its full-year outlook on Thursday, while the retail giant's fiscal Q3 results topped market estimates. Its shares jumped 6.7%.

Bath & Body Works ( BBWI ) shares tumbled 25% after it lowered its full-year guidance and flagged a "very challenging" start to the key holiday season.

Verizon (VZ) is reducing its workforce by over 13,000 jobs, media outlets reported. The company plans to convert 179 corporate-owned retail stores into franchised operations, the reports said. In addition, Chief Executive Dan Schulman said Verizon would reduce outsourced and other outside labor expenses, Reuters reported. Verizon shares were down 0.4%.